Andersons, Inc. — Director's Dealing 2025

Oct 2, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Andersons, Inc. (ANDE)
CIK: 0000821026
Period of Report: 2025-10-01

Reporting Person: Ayuk Emmanuel N (EVP, GC & Corp Secretary)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-10-01	RESTRICTED SHARE UNIT (2028)	$	A	12513	Acquired		Common Stock (12513)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	0	Direct

Footnotes

F1: Each restricted share unit represents the right to receive, upon vesting, one share of the Issuer's common stock.

F2: Restricted share units were granted on October 1, 2025 in connection with Mr. Ayuk's hiring. Restricted share units have a graded vesting schedule over the three-year period from date of grant.